HUD Announces Posting of Fourth Revision to RAD Notice

Wednesday, October 9, 2019 - 11:45am

The U.S. Department of Housing and Urban Development (HUD) will publish in Thursday’s Federal Register a notice announcing the posting of the fourth revision to the Rental Assistance Demonstration (RAD) notice and seeking public comment. The revision includes changes to the first component (public housing conversions) and second component (six other HUD programs) under RAD. The fourth revision includes final guidance that implements the authority to convert Section 202 project rental assistance contract developments through RAD to long-term Section 8 contracts, as well as updated guidance on other RAD components. The revision allows RAD properties in opportunity zones with new construction or substantial rehabilitation to be eligible for rent increases of up to $100 per apartment. Comments are due Nov. 12.